Unsecured Business Loans Eastlakes NSW

In The Next Few Hours, You Could Be Getting Ready For Success By Obtaining an Eastlakes Business Loan

Unsecured Business Loans Eastlakes

An Eastlakes unsecured business loan is easy and quick in applying for. Request a quick approval and start using the funds for your company.

  • Could additional funds assist your business in working capital, or to take advantage of the potential for growth?
  • What is the financing strategy you are using to fund your company requirements?

What you can expect:

  • Easy process to fill out and get approved and cash as quickly as tomorrow
  • No reayments are permitted in the first 4 weeks
  • Borrow from $5k to $500K
  • Terms ranging from 3 to 36 months
  • Competitive rates of interest rates
  • Minimal documentation needed

The eligibility requirements for an unsecured business loan within Eastlakes are fairly minimal.

Call Now 1300 560 988
I'm now able to go on vacation knowing that I am confident that my Eastlakes company will run well.
Local Business Owner
I can get my tax back in order.
Small Business Owner
Business loan interest rates and repayment conditions, and flexible repayment options that can be tailored to what your company requirements.
Business Lending Options
A simple loan application process that comes with a high borrowing limit, minimal requirements for credit and no requirement to submit a business plan. Do not use your personal credit card or company credit card to fund your company.
Unsecured Loans Made Simple
Business loans, specifically those that are unsecured business loan or line of credit to business financing need have no stressfull procedure. Finance for a company in the shape of small business loans with an interest rate and repayment time which is compatible with your business financial needs.
Business Lenders for Business Goals
I can now hire a marketing professional to help me take my business to the next step.
Growing Eastlakes Business
I am now able to fund the construction of our modern Eastlakes resturant without having to borrow cash from other ones.
Eastlakes Resturant Owner
I can now make espresso for clients using the very best equipment.
Cafe Owner
Unsecured Business Loan Service Provider

Fast Approval Process

Making an application for an company loan in Eastlakes with us is easy and takes only less than a minute, with no lengthy forms or lines.

Be approved and receive your funds in one to two business days.

Helping Business Owners Looking for an Unsecured Loan

People Choose Us Because We Get Results

We aim to help Eastlakes companies of all types, whether small, medium or soloprenuers to get access to quick funding so that they can take advantage of loans to expand and develop.

  • It begins with an easy online application or phone call
  • Flexible terms for repayment to fit your company
  • Fast cash in just a day or two days
  • A team wanting both you and your company to succeed
Simple eligibility checklist

Small Business Loan Eligibility Criteria

The requirements for getting an unsecured business loan in Eastlakes of between $5K and $100K is fairly low.

  • The minimum period of 6 months for which you must be in business
  • At least $6,000 of revenue per month
  • You must be a New Zealand based business with a New Zealand Business Number (NZBN)
  • Passport or
  • Driver’s License to serve as evidence of identity
  • Use a New Zealand bank as your primary account for trading
  • Bank statements from the past 6 months

Do you need more money? Find out the eligibility requirements for our $100K-$500K business loans.

Here's How Other People Have Benefited

Examples of Business Loans

A gym that had been operating for over three years, was planning to expand and required additional equipment. With a monthly turnover of $37K they borrowed$72K over a 24 month period. There was no security requirement for the loan and it was compelted in 24 hours.
Gym
An interior designer had noticed an opportunity to expand their company and required working capital in order to finance this expansion. With an annual revenue of $300K they borrowed $250K over 24 months. Turnaround time for them was just two days, and all they needed for them to present were 12 months worth of banking statements along with IRD confirmation and trust deed.
Interior Designer
A plumber who's had business for three years with 80K in monthly sales was looking for more funding. They took out a loan of $153K for a 36 month term. All they needed were 12 months' worth of statement and confirmation from the IRD. The procedure was completed within one day, and the plumber was able to access their working capital in ther account in a matter of hours.
Plumber
With the busy holiday season fast approaching, a clothes store required additional working capital to fund extra inventory and benefit from the discount offered by suppliers. They took out a loan of $20K over a period of 12 months, with no security for assets and received the funds in 24 hours.
Clothing Store
When they purchased a pizza restaurant and 2 liquor stores six to to 12 months ago, the new owners were seeking more funds. The overall revenue was $500K per month . The owners were able to borrow $300K, split out as $100K for each store, with two different 24 and 36 months. There was no security on the owners' homes was required.
Owner of a Pizza Store & 2 Liquor Stores
Simple eligibility checklist

Larger Eastlakes Business Loan Eligibility Criteria

The criteria to be eligible in loans from larger Eastlakes company loans of between $100K and $500K include:

  • A minimum of 3 years of business
  • At least $700K of annual revenue
  • You must be a New Zealand based business with an New Zealand Business Number (NZBN)
  • Drivers Licence or Passport for evidence of identity
  • Have an account at a New Zealand bank as your primary account for trading
  • Bank statements from the previous 6 months
  • Certain financial statements include Profit & Loss, and aged accounts Payable and Receivable

Are you looking for a lower amount of funds? Take a look at the guidelines for eligibility for our $5K-$100K Eastlakes unsecured company loans.

Business Lending for a Cash Injection

What do you want to use the business loan in Eastlakes for?

An Eastlakes unsecured loan is great for almost any company reason. Talk to us today.

  • Add or remodel a commercial premises
  • Grow the team during busy times
  • Increase stock levels to meet the demand
  • Build a new website or enhance your marketing
  • Put money into new equipment, tools , or technological advancements
  • Purchase additional stock to meet the seasonal demand
  • Control cash flow fluctuations
  • Plus lots more …

Want to get started on one of these options as early as tomorrow? So, contact us or apply online now to apply the fastest, most convenient way.

Quick application checklist

What do you need to apply

All that’s needed for starting is your contact details (the name of your company, your name, email and telephone) along with the amount you’d like to borrow and your monthly income.

Through the process and before settlement we will need confirmation of who you are however, not in order to begin:

  • Information on Idenfication (valid Driver’s Licence)
  • Details of the company including time of trading, ownership details and the NZBN (New Zealand Business Number)

Additionally after we get started in the process, for loans greater than $150,000 you will also require basic financial statements.

  • P&L statement
  • Aged payables
  • Aged receivables

Let’s get started now.

 

Here's How Others Have Benefited

Examples of Business Loans

The owner of a restaurant wanted to open a second establishment and needed funds for the remodel. The bank they approached wasn't interested in helping. The typical monthly income for them was $50K and they were able to borrow $66K for 24 months. It took only 8 hours to get access to the funds.
Restaurant Owner
With the busy Christmas time fast approaching, a clothes store required working capital in order to buy more inventory and to take advantage of the discount offered by suppliers. They took out a loan of $20K over a period of 12 months with no asset security required and had the funds in less than 24 hours.
Clothing Store
A business coach wanted to invest in a health as well as beauty business. With just a little more than 12K in revenue per month the company borrowed $24K over 24 months. The loan was based on 12 months of bank statement and was done in 8 hours.
Business Coach
The proprietor of a small grocery store making $70K a month borrowed $76K over a 24 month period with no repayments for the first four weeks. This required 12 months of bank statements. The turn around time was 6 hours from the time of application until receiving the money.
Grocery Store Small Business Loan
Acquiring a pizza store and two liquor stores six to 12 months earlier, the new owners needed additional cash. The combined revenue was over $500K per month . The owners were able to obtain $300K and split it into $100K for each store using two different 24 and 36 months. There was no security on the owners' houses was required.
Owner of a Pizza Store & 2 Liquor Stores

Unsecured Business Loan Eastlakes NSW 2018

The lending landscape has changed

With banks and traditional lenders tightening their credit terms and the constant stream of non-bank and alternative loan providers that are entering the market offers a great resource for you to take advantage of.

Eastlakes SME’s are now capable of accessing finance through alternate lenders servicing Eastlakes who are focused on enabling company expansion or smoothing cash flow challenges. The past was when individual credit providers (drawing equity from a house loan, or using credit cards, personal loans and the overdraft) could be the best alternative financing solutions in Eastlakes that were available.

There is now an end to the requirement to depend on using real estate to secure company loans. With an unsecured loan business funding is simple. Instead of a loan for a term with banks, business finance for an SME with interest rates and loan terms that can help in cash flow are around as business loans.

 

 

High level summary

Separate personal and business debt

There are substantial benefits associated with separating personal and business debt.

  • Your home, or other investment properties, aren’t held for access to funds
  • The company is in a more favourable position to establish its own, solid credit history
  • It is significantly more straightforward for tax time
  • Businesses can easily assess their cash flow, monitor and plan based on being able to easily determine their cash flow position

Lower your risks, and make tax times easier, get started with an unsecure busines loan. Apply today.

For those who like the detail

Separate personal and business debt

Risk

One big drawcard for keeping your business and personal business assets separate can be that your home does not have to be tied to the funds. For a modest business loan within Eastlakes up to $100K the security of assets won’t be needed as long as the borrower fulfills the loan requirements.

Credit history

Businesses are in a more favourable long-term position if they have a good credit or debt ability to service.

Tax

A separation between personal and business financial accounts makes it more seamless in the event of tax time - especially when it comes to determining the tax-deductible amount. The IRD has set out guidelines for the documentation required to be able to claim deductions on an organisation’s tax return. This is an area the IRD has specifically advised on.

Cash flow

Effective cash flow management is vital to the long-term success in any company. By keeping the personal financial and business finances distinct, companies can easily view how they are performing, monitor and plan on the ability to effectively examine their cash flow.

I'm now able fund the renovation of our newly constructed Eastlakes resturant without having draw cash from other ones.
Eastlakes Resturant Owner
I'm now able hire a marketing professional to boost my business to the next level of business growth.
Growing Business
An easy loan application process with a large limit on borrowing, no credit criteria and no need to create a business plan. Do not use your personal credit card and company credit cards as a way to finance your business.
Unsecured Loans Made Simple
I'm now able take a holiday knowing the Eastlakes company will run smoothly.
Local Business Owner
I'm now able to prepare coffee for my customers using the best equipment.
Cafe Owner
Business loans with interest rates and repayment terms as well as flexible repayment options to meet you business needs.
Business Lending Options
I'm able to get my tax back on time.
Small Business Owner
Business loans, especially one that is an unsecured business loan or line of credit for business funding require not be a tense process. Business finance can be in the form of small business loans at a fixed interest rates and repayment period that will suit your company financial needs.
Business Lenders for Business Goals
FAQ: business lending & business loans for business owners

Business Loans Frequently Ask Questions

More about the Eastlakes Small Business Loans

Tell me how you are able to avail the Eastlakes Small Business Loans

Eastlakes unsecured loans offers amounts of between $5,000 and $100,000, with terms ranging from 3 and 24 months, cash flow friendly repayments, which are either daily or weekly.

What makes what makes the Unsecured Loan different from an ordinary company loan?

It is imaginable to apply to this Small Business Loan in under 10 minutes on the internet or over the phone. You’ll get an immediate response, and have the funds in your account within 24 hours. Traditional company loans are based on an annual rate of interest as well as other fees and charges. The company loan is an upfront priced loan which means you know in advance the total amount payable including any interest, fees or charges. This is then broken down into a daily or weekly amount to be paid back.

What could be the Small Business Loan be used for?

The Small Business Loan can be used for nearly every business need, such as cash flow management, company remodeling, marketing for purchasing inventory or new equipment, as general working capital and so much more. The loan cannot be used for personal reasons.

About larger Eastlakes Business Loans

What is the Larger Eastlakes Business Loan?

The Larger Business Loan is a larger size loan to aid in business growth opportunities. The loan ranges from $100,000 to $500,000 for a fixed period of for up to 36 months. Repayments are weekly or fortnightly depending on your cash flow.

How’s the Origination Fee determined?

The Larger Business Loan has an Origination Fee, determined at 2.5 percent of the amount of the loan.

Do I qualify for the Larger Business Loan?

In order to be eligible for a loan that is this large the company needs to have been in operation for at least 3 years and have an annual turnover of at least $700K. The applicant must also be a New Zealand Citizen (or Permanent Resident) over 18 years or have a New Zealand company (with a valid NZBN/IRD) and be able of proving at least 12 months of trading.

What can the funds be used for?

A Business Loan of a larger size can be used for nearly every business reason, such as company renovations, to purchase inventory or new equipment for general working capital and much more. The loan is not available to fund personal expenses.

Is the Larger Business Loan one that is secured?

Asset security is needed to obtain funding above $150,000. It is usually by taking a charge against assets, which could also be registered on the PPSR or the registration of as a caveat.

A director’s or personal guarantee is a commitment to repay a loan which is general in nature, rather than stating security over a particular asset. The person who signs the guarantee is personally liable in the event that the business creditor is unable to re-pay the debt.

The Personal Property Securities Register (PPSR) is an online central register that is operated by the New Zealand Government. It reflects security interests granted to individuals who own personal property (including objects or assets). The PPSR permits the priority of personal property granted according to the date the registration of a security interest.

Caveats are legal form of document to provide notice of a legal claim to a property.

What exactly is a preapproval without Credit Check?

When you’re applying for an enterprise loan that is greater than $250,000 we may be able to provide a preliminary pre-approval to help smooth out the process. We might be able to do this without a credit verification and within 6 hours of your initial application. This pre-approval is made based on an initial assessment that includes the answer to a series of financial health questions. It is in no way an offer, nor is it a guarantee of finance. A conditional approval is subject an assessment of your creditworthiness and any offer you may receive may be on different conditions.

Application process

Can I be eligible for funding?

You may be eligible for an business loan if you:

  • are a New Zealand Citizen (or Permanent Resident)
  • are over 18 years, have a New Zealand company (with a valid NZBN/IRD)
  • you must prove at least 6 months of trading (for the unsecured loan $5K – $100K) or three years of trading (for the Larger Business Loan $100K or $500K)

How do I apply?

The process for applying is fast and simple. Just complete the online application in few minutes and a dedicated business credit specialist will call you to help you.

For a loan of up to $100,000, you’ll require identification details (valid Driver’s License), a valid NZBN/IRD and at least six months of bank statements.

If you’re looking for loans with larger sizes, you’ll require:

$100K – $250K: Information about the application including credit consent, 6 – 12 months of IRD statements, bank statements (if loan above $150K).
$250K – $500K: Details of the application, including credit consent twelve months of bank records, IRD statement Last 2 years’ finalised financial statements, plus interim financial statements for the current year as well as Aged Payables and Receivables Summary.

How soon will I hear a decision?

For an unsecured loan ($5K or more) We can usually offer an answer in just one hour – as long as you make your application at standard business hours and permit us to utilise the bank verification system to immediately verify your bank account information online. If you choose to send us copies of your bank statement, we’ll provide an answer within just an company day.

If you are applying for a Larger Business Loan ($100K up to $500,000) we might be likely to offer you with pre-approval conditional to your application within about six hours. After you’ve signed your pre-approval, the turnaround time is approximately 2-3 days to receive final approval, however this can be quicker based on the specifics of each application. Some agreements have been approved in just 24 hours.

The quickest method would be to ensure you apply during standard business hours. You can also let us use the modern bank verification link to verify your bank account information online. If you choose to upload documents from your account accounts, it may take a bit longer.

How quickly will I receive the money?

For the Small Business Loan ($5K to $100K) we typically provide an answer within an hour – as long as you make your application at standard business timings and permit us to utilise the advanced bank verification system to immediately verify your bank account information online. If you want to submit copies of your bank statements, we will be able to offer the decision within the span of one business day.

For the Larger Business Loans ($100K up to $500,000) we could be likely to provide you with conditional pre-approval in about 6 hours. Once you’ve signed your pre-approval, turnaround times are about 2-3 days for final approval, however it could be faster based upon the circumstances for each application. Certain offers have been approved in the space of 24 hours.

The most effective method is to ensure you apply during standard business hours. You can also let us use the advance bank verification link to instantly verify your bank account information online. If you choose to upload the copies of bank statements it can take a bit longer.

What’s the minimum amount I can borrow?

We provide the loan amount between $5,000 and $500,000. When you make an application for a particular amount, we take into consideration a range of aspects to determine how much we can lend you well-being of your company and the amount of the repayments your business will be able to support. The amount you receive from your loan will be contingent on the specifics that are unique to your business.

When you submit an application for a particular amount, we look at a range of variables to assess how much we can lend you such as health that is your business and the extent of repayments your company is able to afford. The amount you receive from your loan will be contingent on the particulars the business.

Fees & repayments

What is the cost for an company loan?

When you request one of our business loan, we’ll assess the risk profile for your business and provide an individualised offer that includes the loan amount, the terms and interest rates. This company loan is a loan that is priced upfront therefore you will know the exact amount you will have to pay, including costs, fees, or interest rates.

What determines the amount I pay?

The interest rates on business loans rates depend on a variety of factors like the amount of money of money borrowed, the business assets the money are used to purchase and the sector the business operates in, the long the business has been in operation as well as in the event that the company has sufficient cash flow to fund the loan, and the general well-being or financial standing of the business.

What are the charges?

There are no hidden fees with our business loans, and you’ll be aware of the amount it is that you be required to pay and when, from the very first day. There’s no compounding interest and there are no additional charges (as as you make your payments punctually).

We don’t charge an application fee. You can get a cash loan no cost upfront or any obligation to sign up.

The Origination Fee covers the expenses involved with the setting up and management of the loan. You are only charged this cost if you take out the loan. Our Origination Fee is 2.5 percentage of the amount of loan.

Can I repay the loan earlier?

You can repay the entire amount of the loan at any point in time.

If you are deciding to pursue this option, please talk to one of our helpful company loans experts. We will provide you with the details of your repayment as well as an early payout amount. The figure will be calculated as the sum of the principal balance and the accrued interest up to the time of early payout in addition to 1.5 percent of the principal balance and any outstanding fees.

What are the repayment methods?

To make sure you do not miss due dates and also to be in line with your cash flow routine, we provide payments that are either weekly or daily. These are automatically withdrawn from your company account.

Security & privacy

Will my information be protected?

Security of your data, and making it clear the ways we gather data, process, exchange and secure your information, is crucial and an integral aspect of our relationship with you.

Is it safe to link my bank account to the platform?

Yes. We employ industry-recognised encryption protocols to safeguard your personal, sensitive as well as financial data. Our funders are ISO 27001 certified for our commitment to security for our clients and privacy. We use an advanced bank verification system to instantly confirm your bank account information online to offer rapid response.

About business loans

What’s an asset-based borrow (a secured loan)?

Asset-based borrowing is when an business owner makes use of an asset that they own to obtain the funds for a loan. The asset can be either a personal asset like the family home, or a company asset such as a vehicle or piece of equipment.

The vast majority of banks, including the big banks, tend to secure loans against assets. If you are having difficulty paying back the loan, then your asset may be offered for sale by the lender. In essence it is a way of securing additional financing making use of the value of what you already have.

Are I require security to secure an business loan?

For loans up to $150,000 no asset security is required prior to the loan’s access but we do require the personal guarantee. So long as you comply with the terms of your loan (as specified in the loan contract) and you are able to meet your obligations, asset security is not needed. For loans of over $150,000 generally, you can get an individual ensure and security in the form of charges on assets.

Industries we currently aren't able to help with

  • Anything adult industry related
  • Auction websites and auction houses
  • Debt purchasers and debt collection companies
  • Direct marketers such as fundraising, telemarketing, mail order, direct-mail etc
  • Finance lenders and institutions
  • {Firearm businesses
  • Foreign currency exchange offerings
  • Customs clearing houses and freight forwarding
  • Gambling related industries
  • Not-for-profit organisations, charities, churches etc
  • Smash repairers or panel beaters
  • Pawn shops & pawnbrokers
  • Property development
  • Investment business, shares & stockbrokers
  • Tattoo studios
  • Ride sharing and taxi services
  • Ticket resellers & entertainment sales
  • Towing services
  • Used car companies
  • Automotive glass tintingservices
  • Automotive wrecking yards

We can’t assist with an unsecure business loan for these types of industries, we may be able assist with secured business loan.

Sydney Small Business Loans Services

Unsecured Business Loans

Unsecured Business Loans

Eligibility Requirements

Eligibility Requirements

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1300 560 988